What is Whole Life Insurance?
A form of permanent life insurance, whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.1
You may want to purchase a whole life insurance policy if you want:
- Protection for life1
- Payments that stay the same each year
- To be able to put additional money into the policy on a tax-favored basis
- Cash value you can use while you are living2
Whole life insurance offers confidence through the guarantees it provides:
Guaranteed level premiums. The premiums you pay are guaranteed to remain the same for the life of the policy, regardless of age or health.
Guaranteed death benefits. Beneficiaries will receive at least the face amount of the policy upon the death of the insured, assuming you do not have outstanding policy loans and that the policy premiums are paid on time.
Guaranteed cash value. Your cash value will grow each year, tax-deferred, until it matches the face value of your policy. When you need it most, you’ll have access to your cash through loan and withdrawal options.2
Talk with your financial professional about whole life insurance today.
1 Dividends are not guaranteed. Guarantees apply to whole life’s guaranteed death benefit, cash value and premiums and are subject to product terms, exclusions and limitations and the claims-paying ability and financial strength of the issuing insurance company. Request a specimen policy for additional details.
2 Loans and withdrawals will decrease the cash value and death benefit.
Descriptions of the policy features and options are only partial; for complete details and limitations ask to see a specimen policy.
Like most insurance policies, MetLife’s policies contain charges, limitations, exclusions, termination provisions and terms for keeping them in force. Contact your financial representative for costs and complete details.
Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.
MetLife Promise Whole Life 120 is issued by MetLife Insurance Company USA generally on Policy Form 5E-12-12 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-12-10-NY-A. MetLife Promise Whole Life is issued by MetLife Insurance Company USA on Policy Form 5E-12-10 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-12-10-NY. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.
Whole Life insurance is issued by Metropolitan Life Insurance Company on policy form # 8-90 (08), 200 Park Ave., New York, NY 10166.